Seaport Entertainment Group Reports Third Quarter 2026 Results
Business Wire•04/11/2026•16:15 ET
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Key Highlights
- ➤Q3 net loss attributable to common stockholders improved 74.8% year-over-year to ($8.4) million
- ➤Q3 non-GAAP adjusted net loss improved 58.3% year-over-year to ($3.0) million
- ➤Q3 total revenues $32,704, down 27.4% year-over-year
- ➤Positive operating EBITDA delivered for the second consecutive quarter
- ➤$143.0 million 250 Water Street sale generated approximately $75.0 million net proceeds
Expert Statements
Matt Partridge, President and Chief Executive Officer of Seaport Entertainment Group
“Despite weather-related headwinds in Las Vegas and New York City, we delivered positive operating EBITDA for the second consecutive quarter and a 60% improvement in our third quarter non-GAAP adjusted net loss per share. The Balloon Museum at the Tin Building opened to a strong reception, and we anticipate that momentum will only grow as awareness builds. Combined with over 160,000 square feet of new tenants and concepts we’ve signed but not yet opened, we have an exciting pipeline that we expect will drive increased visitation to the Seaport and improve our long-term financial performance.”
Seaport Entertainment Group Reports Third Quarter 2026 Results
Seaport Entertainment Group Inc. (NYSE: SEG) (“Seaport Entertainment Group,” “SEG,” “we,” “our," or the “Company”) announced today its operating and financial results for the quarter ended September 30, 2026.
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